Chrysler launched in 1925 when Walter P. Chrysler joined forces with three ex-Studebaker engineers, Carl Breer, Owen Skelton and Fred Zeder, to create a revolutionary new car. The first vehicle in production was the Chrysler Six car, and the manufacturer continues to make automobiles and commercial vehicles, such as the line of Jeeps and Ram pickup trucks. Along with General Motors and Ford, Chrysler is one of the Big Three American auto companies.
There had been no public trading of Chrysler shares in the United States for over 7 years before 2014. When it last traded, the company was known as DaimlerChrysler. German automaker Daimler sold Chrysler to the private equity company Cerberus in 2007. Fiat SpA initially purchased one-fifth of the company following Chrysler's bankruptcy in 2009. Fiat took full control by purchasing the rest of the business in 2014, making Chrysler a wholly owned subsidiary of the Italian automaker.
Fiat Chrysler shares began trading on the New York Stock Exchange under the ticker symbol FCAU on Columbus Day, which was October 13, 2014. The opening price was $9, according to CNN.Learn more about Investing